Arch project tax credits approved

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Arch project tax credits approved

ST. LOUIS, MO (KTVI) – Part of the price tag to renovate the Arch could be passed on to Missouri tax payers. The project will receive $159 million dollars in local, state and federal funds. State officials said the additional $15 million dollars would be a tax credit designed to spur more private donations. The tax credits still have to be approved by the Missouri Department of Revenue and the Governor’s Office of Administration.